In an annual report to investors, an investment firm claims thatthe share price of one of their bond funds had very littlevariability. The report shows the average price as $?20.00 with avariance of 0.18. One of the investors wants to investigate thisclaim. He takes a random sample of the share prices for 22 daysthroughout the last year and finds that the standard deviation ofthe share price is 0.2207 Can the investor conclude that thevariance of the share price of the bond fund is different thanclaimed at ?=0.01 Assume the population is normallydistributed.
Step 2: Determine the critical value(s) of the teststatistic. If the test is two-tailed, separate the values with acomma. Round your answer to THREE decimal places.
Step 3: Determine the value of the test statistic. Roundyour answer to three decimal places.
Step 4: Make the decision.
